The Genesis Of Turbo Toad Token
About two weeks ago, a Twitter user that goes by Rhett Mankind posted that they had given GPT-4 a $69 budget with the instruction to create a meme token that become the most successful new meme token. What followed was an interesting sharing the process and creation of the token. After going through different suggested names, Rhett finally settled on the name Turbo Toad Token (TTT) following a Twitter poll where the name emerged as the most popular. GPT-4 further provided the prompts to create AI images for the meme coin, as well as develop the tokenomics for it.I gave GPT-4 a budget of $69 and asked it to make the next great meme coin. I will follow all instructions it gives me and document the process here. Follow and participate 👇 — Rhett Mankind (@rhett)
AI-Generated Meme Coin Grows To $40 Million
The last iteration of the meme coin was launched on Sunday, April 29, and in the next three days, the coin exploded. First, TURBO launched at a price of around $0.00001773, data from shows, and it has already grown over 10x since then. Its holder base rose from 50 wallets on launch day to 4,474 at the time of writing, with over 14,600 transfers already carried out on the contract so far. Interestingly, this meme coin has surged faster than some of its counterparts, now sitting at a $40 million market cap after touching a new all-time high of $0.00056 in the early hours of Wednesday. Likewise, its 24-hour trading volume on decentralized exchanges reached over $14 million, making it one of the most traded meme coins on the Ethereum network during this time period. The project continues to rely on GPT-4 for improvement updates with the most recent recommendation being that more liquidity be added to the token. As a result, the liquidity for the token has grown to $1.4 million as the community clamored to add more liquidity. As for the token, there is no telling where it goes from here due to the volatile nature of meme coins. However, the support from its community has already seen the meme coin more than double its value in a single day.Crypto market cap holding up above $1.1 trillion | Source:
for market insights, updates, and the occasional funny tweet… Featured image from Business 2 Community, chart from TradingView.com